Mart Resources Inc MAUXF

What is the true value of MMT

[vwdriver21]

I have a feeling the takeover is not going to happen, just my feeling based on the way its been trading. The bigger question is what is the true value of MMT given the low oil price deline, and some of the issues MMT has been having (theft, Nigeria factor, Wade, debt etc)

I wonder if the takevoer dies, if this won't drop another 25-30% to get in line with some of the other oil plays that have been slaughered over the past year.....

Hopeing this doesnt happen,  but need to make sure there is still good value here longer term

Thoughts?

[wallgreens]

I certainly echo your concerns. The continued drop in oil would be the perfect excuse for MW to pull the plug on the deal or financial backers to keep their money in the bank. Terrible timing. The recent trading, esp today, also makes me nervous. MS, oil sector down, flash crash...who knows what is going on behind the scenes.  I dont have a valuation for you but the field is a big one for

[Numerus]

My 2 cents , whatever caused the sudden drop to 0.24  this morning may be a preview of what is to come.Looks like someone got trigger-happy ahead of time.  I certainly hope not but that was really odd.

[gibbonsj]

MW has had lots of time to pull the plug and they haven't. In fact they have now agreed to pay the taxes on the $5.8M break fee which says they want to close the deal.

[Obeahman]

I think that clarification is required here. My intrepretation is that the taxes on the 5.8M$ will come from the break fee. Here is the wording:  The Second Amending Agreement also provides an additional covenant on behalf of Midwestern that should the transaction not be completed, Midwestern will pay Mart's portion of a corporate tax liability out of the proceeds

[ncider]

I thought the same thing initially but the the way it should read is "Midwestern will pay Mart's portion of a corporate tax liability resulting from the proceeds".  The "out of" part refers to the triggering of tax not the source of payment. Any condition specifying what MMT should do with the break up fee makes no sense. MMT has never been known for making

[Obeahman]

I agree with you. When the announcement was make initially and I read it, it made no sense. Infact I said to myself, this is no deal. But when the second annoucement was made with more or less the same terminoloy, I said to myself that something is wrong. They could not make the same mistake twice. But you never know, lawyers and consultations have made mistakes before. The funny thing I must say,

[wallgreens]

We are all in the dark. The sp drop this week on high volume makes me think no deal and somebody in the know is sneaking out the back door. Who is the seller?

[masfortuna]

The true value.  It hit a low of .24 at the darkest period in this bear oil market.  We are approaching similar lows again for other energy stocks.  My guess is right around that figure. I am holding a very small position (10 000) thinking of wether i should sell this thing.  It's dropping like a rock with only 3 trading days left before announcement.  Something tells